The following data has been provided by the Gerlach Corporation, a company that produces forklifts: budgeted production
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Question:
The following data has been provided by the Gerlach Corporation, a company that produces forklifts:
budgeted production | 1,900 trucks |
Standard machine-hours per truck | 8.6 machine hours |
Standard Supply Cost | $4.20 per machine hour |
Current production | 2000 trucks |
Actual machine-hours | 16,970 machine hours |
Actual cost of supplies (total) | $78,137 |
The cost of supplies is an element of variable manufacturing overhead.
Find the variable overhead efficiency variance for the cost of supplies.
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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